Carrhae Nets US$125M For Long-Only Fund

Jan 29 2014 | 12:05pm ET

An emerging-markets hedge fund founded by a SAC Capital Advisors veteran and backed by the Blackstone Group is readying a long-only fund.

Carrhae Capital has raised US$125 million for the new fund, which will launch next week. The vehicle will feature about 40 names from Carrhae's existing long book, Financial News reports.

The London-based firm's long bets have strongly outperformed over the past two years. Its flagship hedge fund rose 14.9% last year.

The new fund will give Carrhae, which debuted in 2011 with US$150 million from Blackstone, nearly US$700 million in assets under management. The firm is led by Ali Akay, who ran the largest portfolio at SAC's now-shuttered London office before his exit.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note